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ForexMart review
ForexMart


On-line since: 2015
Country of origin: Cyprus
Regulation: CySec
Payment options: wire transfer, Visa and MasterCard bank cards, PayPal, Paxum, QIWI, Skrill, PayСo, NETELLER, MegaTransfer
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: from 1:1 up to 1:1,000
Spreads: 2 pips

About the company:

ForexMart is a trademark of Tradomart Ltd. (earlier Fxco Trading Ltd.). This brokerage firm is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker provides services to trade Forex, CFDs on shares and spot metals through the most popular trading platform, MetaTrader 4.

Safety of clients’ funds

Tradomart Ltd. delivers its brokerage services under the trademark of ForexMart, which is properly licensed and operates under the authority of the Cyprus Securities and Exchange Commission (license number 266/15).

Besides, Tradomart Ltd. holds a cross-border license issued by the CySEC, permitting investments and additional services in compliance with the European Financial Instruments Directive (MiFID) across the European Economic Area.

The CySEC applies particular rules for brokerage companies. One of such essential rules is the requirement to the minimum capital size which should be at least €1 million. For extra safety of clients’ funds, the company is a certified member of the Investor Compensation Fund (ICF). It means that in case of the broker’s bankruptcy a client will be able to withdraw up to €20,000.

Trading conditions

The minimum deposit with the broker starts from USD/EUR/GBP 1. Compared to other brokers in Cyprus which require from $50 up to $500, ForexMart offers very beneficial trading conditions in the forex industry.

With ForexMart, traders can choose between two account types: ForexMart Standard and ForexMart Zero Spread. Besides, a demo account is also available with the broker. The first account type offers fixed spreads and a zero commission. So, a spread equals 2 pips for EUR/USD. The second type of a trading account means a zero spread for the same pair but the broker charges a commission of 2 pips. Other companies under the CySEC regulation set forth similar fixed spreads.

The maximum leverage with the broker is one of the biggest among other retail brokers. So clients can set leverage of 1:1,000. Importantly, high leverage enlarges both profits and losses. Therefore, some brokers restrict their leverage. ForexMart offers leverage of 1:100 to trade gold and silver. Leverage for CFDs is 1:20.

For trading accounts deposited with over $1,000, leverage can be raised to 1:500.

Trading platform

Clients trade through the MT4 trading platform which allows them to monitor up to four charts in parallel. The trading platform is equipped with several technical indicators and expert advisors (EA).

Bonuses

The broker offers its clients a welcome 30% deposit bonus and a non-deposit bonus up to $150. They cannot be used together with other bonuses. Those clients who have received a non-deposit bonus are provided with leverage of 1:200.

ayment methods

The broker allows its clients to deposit an account and withdraw money by means of bank cards, wire transfer, and electronic payment systems such as Neteller, Skrill, PayPal, and Paxum.

ForexMart 9/10 (votes 6199)

Web-site: ForexMart

Author of ForexMart: Franco | Date 2017-03-03
In my opinion, ForexMart is a good and reliable broker in my trading career with 6 years. Thus, I have traded with many brokers, and some brokers gave me a hard time in trading. In last year, I was referred to ForexMart by my friend and then I opened account with this broker. Opening and funding were smooth. Last week, I made a withdrawal profit – 850$, and it took me 3 hours to get money. It’s so quickly, and there has no problem in transferring. In addition, customer service is amazing and average spread seems to be around 0.5 pips for EUR/USD, which is really good. I almost have no major problems with this broker, so until now my fund has been over 950$. The live chat is great, because they answered all my questions wherever I called them. In general, I will keep up with ForexMart, and I highly recommend this broker to all traders.
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Author of ForexMart: BaracunaFX | Date 2017-03-02
I have been trading with this broker since 2013 and I have no doubt that this is the best company to trade with. I have acquired a lot of experience, also, I have gotten good earnings due to nice trading conditions, such as fixed spreads and especially for all aid provided to newbies like I was when I joined it. Client support is always available to help me in all my concerns or problems. At the beginning, I started with a deposit of $100, just to try, but in my first week, I could double that amount, that was great for me! I usually make my deposits and withdrawals by Webmoney and all process doesn’t take more than 3 hours. In addition, up to now, I haven’t experienced any issue with connection to the platform, servers work fine most of the time. I recommend you this broker for sure!
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Author of ForexMart: Burgin | Date 2017-02-21
ForexMart is an excellent broker I have ever traded in my trading career. I joined this broker 2 years ago, and everything at here is perfect. At the beginning, I just started with 250$ to trade with them, and I also earned profit. During trading with this broker, my fund now grows up to 10004. Last week, I get large profit with 750$, when I deposited 850$ through PayPal. Therefore, I withdrew 700$, and this broker made me surprised when I can receive money only 3 hours. Their withdrawal is really fast and awesome, because there has no problem or delay during that period. In addition, this broker has fast execution, nice spreads, and no unusual disconnections. Especially, their support is great, because they always try their best to fix my matter in soon when I need their help. All in all, ForexMart is an ideal broker for all kinds of broker, and I highly recommend them to all of you.
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Author of ForexMart: fxhariyantoarbi | Date 2017-02-17
ForexMart is a very good broker, very easy and fast to deposit and also for the important things in forex trading, yup easy to request for withdraw, because it was a very sensitive thing in trading. But at InstaForex, always paid in just a day after request for withdraw. ForexMart was give 50% Welcome Bonus for me when I registered for the first time with ForexMart. ForexMart is a very good and royal broker for me.
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Author of ForexMart: Anthony | Date 2017-02-10
With the minimum deposit they offer I could trade in the Meta Trader 4 platform , that I used before with a demo account and later with their No deposit Bonus to test the company services, I cand say I was not disappointed at all. They offer different types of trading accounts , I chose the ForexMart ECN Zero Spread, and I have already requested their 30% bonus, their trading conditions in general are vey simple to understand, specially when it comes to the bonus. I was not disapointed after opening na account with them.
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Author of ForexMart: Helop | Date 2017-02-07
I have tested a different broker's platforms and this is the better one. I was convinced to sign up with a live account last month ago. They helped and guided me throughout a number of transactions that allowed me to get better with trading and earn maximum. There is no commission fee and customer service seems very qualified. Another reason is that they are very fast in processing my request for deposits and withdrawals
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Author of ForexMart: fxdante | Date 2017-02-03
With a minimum deposit of only $ 1 I was able to do trading with Meta Trader 4 platform that very excellent quality and diverse bonus anyway. They offer trading accounts vary in Several types. Opening an account with this broker is time- Neither, nor cost-consuming. One dollar will be enough to start trading. Their Spreads is 2 pips and trading account can make withdrawals until night. I really like this broker.
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Author of ForexMart: Vincent | Date 2017-01-31
An excellent broker I have ever used in my 6 yrs of trading. One thing that drew my attention to trading on Forexmart, is that they allow me to start with any amount that I am convenient with. And ever since I started trading on Forex mart platform with $100, I have never regret joining the platform.I withdraw my money without any discrepancies within 24hrs. I tried depositing via PayPal and it works even faster as well as withdrawal.Everything is super, fast execution, nice spreads, no unusual disconnections.
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Author of ForexMart: Rika | Date 2017-01-20
I waited for a long time for my no deposit bonus but with the good explanations of customer support and consistent follow-up I got it already and starting to trade. I hope it will last for a long run and I will never regret to choose them as my new broker.
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Author of ForexMart: JohnFX | Date 2017-01-13
I don't know why people are writing negative review about Forexmart, I have been using this platform for some time now, without any issue, I started with $5000, plus the no deposit bonus of $150 which was given to me even before I funded my account. Since, I have been earning good money in my Oil and Gold trading. And so far my withdrawals have always been fast and easy through wire transfer. So I don't think this negative comments about Forexmart are from real Forexmart traders.
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